St. James’s Place (LON:STJ) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of St. James’s Place (LON:STJ) in a research report sent to investors on Tuesday, Marketbeat Ratings reports.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada boosted their price target on shares of St. James’s Place from GBX 550 ($7.23) to GBX 700 ($9.20) and gave the stock a sector perform rating in a research report on Wednesday, July 31st. Berenberg Bank restated a buy rating and set a GBX 750 ($9.86) target price on shares of St. James’s Place in a report on Friday, June 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of GBX 784.25 ($10.31).

St. James’s Place Stock Down 0.2 %

Shares of STJ stock opened at GBX 702.82 ($9.24) on Tuesday. The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 2.91. The stock has a market cap of £3.83 billion, a PE ratio of -70,282.30, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. The business’s fifty day moving average is GBX 639.69 and its 200-day moving average is GBX 539.66. St. James’s Place has a 1 year low of GBX 393.60 ($5.18) and a 1 year high of GBX 875.80 ($11.52).

St. James’s Place Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 22nd will be given a GBX 6 ($0.08) dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 22nd. St. James’s Place’s dividend payout ratio (DPR) is currently -140,000.00%.

About St. James’s Place

St. James's Place plc is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income market across the globe. The firm was formerly known as St. James's Place Capital plc. St.